Which of the following costs is most likely associated with commercialization?
A) building or renting a manufacturing facility
B) paying groups of consumers for participating in crowdsourcing activities
C) determining a product's planned price, distribution, and marketing budget
D) developing a prototype of a product
E) using simulated tests to measure market capacity
A
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Italics really only work in printed text. When hand writing, we replace italics with _________
a. boldface b. italics c. underline d. capital letters
In a 1976 discussion memorandum, the FASB defined the pooling-of-interest method of accounting for business combinations as a method which:
a. results in the assets and liabilities of the subsidiary being valued at market value at the time of acquisition, and the parent’s assets and liabilities being valued at book value. b. results in the assets and liabilities of the parent being valued at market value at the time of acquisition, and the subsidiary’s assets and liabilities being valued at book value. c. results in all entities’ assets and liabilities being revalued to market values at the time the combination originates. d. uses the book values of the combining companies.
Identify and describe the five levels in the Level 5 Hierarchy.
What will be an ideal response?
Mayweather reports net income of $305,000 for the year ended December 31. It also reports $93,700 depreciation expense and a $10,000 loss on the sale of equipment. Its comparative balance sheet reveals a $40,200 increase in accounts receivable, a $10,200 decrease in prepaid expenses, a $15,200 increase in accounts payable, a $12,500 decrease in wages payable, a $75,000 increase in equipment, and a $100,000 decrease in notes payable. Calculate the net increase in cash for the year.
A. $381,400. B. $206,400. C. $281,400. D. $216,400. E. $406,400.